Warrior Win

Jon Potts

I have a sales background, I started a company flipping houses with my wife and have flipped over 20 properties. I have a passion for real estate but ultimately love my wife and daughter and being apart of my church community.

Property Details

Address: Regency Square apartments. Indiana, PA
Number of Units: 84
Value Add Deal? Yes
Purchase Price: $1.45M
Estimated monthly increase projected? $100.00/unit
Anticipated value after value add: $3.5 Million
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 30%

Warrior team
shout outs:

Any comments about your experience so far in the Warrior Program?

I would not be where I am if it weren’t for this incredible group of warriors. This group and program has given me confidence to go after my dreams and push me out of my comfort zone. The people Rod attracts are inspiring and genuine people and I love being apart of it!

How did you find this property?

Through other warriors. Dan Velez and AJ Simeone were both looking at the same property so we all decided to partner up.

How did you structure the financing of this property?

We financed through brentwood bank and all partners brought funds for closing/Cap ex.

Was this a joint venture or syndication?

Joint Venture.

How did you raise the equity?

Everyone on the team brought funds.

What was the equity raise?

There was no outside equity raise.

What are some hurdles you had to overcome to get this deal done?

We overcame many hurdles including Carrying over a LIHTC Agreement, discovering aluminum wiring during DD, having a hard time getting insurance due to the aluminum wiring, and a miscommunication with the township and state on occupancy.

What are some of the lessons you learned with this deal?

Over communication is key.

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.